At 9.46am ET the Dow Jones Industrial Average was up 9.17 points, or 0.05 per cent, at 18,356.84.
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Reduced political uncertainty in Britain and Japan have also buoyed shares.
It was the same sentiment in the US where stock markets were mainly flat as the Dow Jones industrial average advanced 24.45 points at 18,372.12, while the broader S&P 500 composite index saw an uptick of 0.29 to 2,152.43.
The report said import prices edged up by 0.2 percent in June after surging up by 1.4 percent in May. The S&P 500 .SPX was down 0.04 points, or 0 percent, to 2,152.1.
The S&P 500 is up 108.49 points, or 5.3 percent.
The Dow Jones industrial average .DJI was up 4.86 points, or 0.03 percent, at 18,352.53.
“It’s incredibly volatile out there and we’re seeing a bunch of mixed signals”, said Eoin Murray, head of investments at Hermès Investment Management.
TOKYO – Asian markets outside Japan gained another third of a per cent to come within a hair’s breadth of the year’s highs from April, while European shares rose 0.2 per cent, on course for their fifth straight day of gains.
The gains on the Dow and S&P were tempered by energy companies, which suffered as oil pulled back 4.4% in the USA trading session after showing signs of strength earlier in the week.
– Stocks are mostly lower on Wall Street in morning trading Wednesday after setting records the last few days.
Australia’s S&P/ASX 200 advanced 0.7 percent to 5,388.50.
Petroleum-linked stocks retreated as oil prices fell sharply.
Europe’s broad FTSEurofirst 300 index closed 0.31 percent lower, at 1,326.3.
Investors traded relatively cautiously ahead of the release of JPMorgan Chase & Co’s (NYSE:JPM) second quarter results on Thursday.
To be sure, much of the positive economic data has covered periods before the United Kingdom vote, and nobody is predicting a decisive turn in USA gross domestic product.
Brent crude was last down $2.15, or 4.44 percent, at $46.32 a barrel. Investors hope that May’s speedier than anticipated appointment will help provide some clarity as to how the country wishes to proceed with its exit from the European Union, so-called Brexit. Benchmark 10-year Treasury yields US10YT=RR were last at 1.474 percent as higher yields attracted buyers. The euro rose to $1.1111 from $1.1067 and the dollar fell to 104.22 yen from 104.79 yen.
US Treasury yields dropped, with the 2-year yield by 0.66% and the 10-year yield near 1.46%.
On the USA economic front, the Labor Department released a report this morning showing that import prices rose less than expected in the month of June.
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ENERGY: In other energy trading in NY, wholesale gasoline lost 5 cents, or 3.6 percent, to close at $1.38 a barrel, heating oil fell 8 cents, or 5.6 percent, to $1.38 a barrel and natural gas was flat at $2.74 per 1,000 cubic feet.
